Real Estate Survival Guide with Terry Story
Business:Investing
While it sounds absurd, homes are apparently more affordable now than they were 20 years ago. Although the monthly mortgage payment on a median-priced home is $100 higher than a year ago, as of September 2017, mortgages on a median-priced home (also called the payment-to-income ratio) took a 21.4% bite of median nationwide income, which is significantly down from 24.2% from 1995 to 1999, and 26.2% from 2000 to 2003. Terry’s message to buyers on the sidelines: While prices have risen, this is a great time to buy; so don’t wait, buy now!
Dec 6, 2017
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